Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	6.66	22.98	16.3	11.06	7.16
Short-Term Investments	18.54	2.82	7.8	2.11	-
Cash & Short-Term Investments	25.19	25.8	24.1	13.17	7.16
Cash Growth	-2.34%	7.07%	82.98%	83.94%	237.14%
Accounts Receivable	38.53	43.62	43.09	53.47	43.21
Other Receivables	-	-	30.21	39.68	38.54
Receivables	38.77	43.84	73.3	93.15	81.75
Inventory	25.19	24.89	23.51	26.24	15.83
Prepaid Expenses	1.54	0.05	1.57	0.01	-
Restricted Cash	1.95	5.21	3.43	6.74	2.24
Other Current Assets	-	-	-	-	0.66
Total Current Assets	92.65	99.79	125.91	139.31	107.64
Property, Plant & Equipment	14.76	15.82	18.21	19.04	20.14
Long-Term Investments	4.13	9.92	0.25	-	-
Goodwill	-	-	-	0	0
Other Intangible Assets	3.36	3.64	3.79	4.04	4.04
Long-Term Deferred Tax Assets	0.43	0.26	0.22	0.14	0.16
Other Long-Term Assets	0.25	1.05	6.74	0.04	0
Total Assets	115.58	130.48	155.12	162.57	131.98
Accounts Payable	42.47	61.99	53.15	71.57	48.43
Accrued Expenses	3.15	1.98	1.46	1.15	1.69
Short-Term Debt	0.09	3.14	10.61	11.97	25.74
Current Portion of Leases	0.52	0.49	0.47	0.23	0.8
Current Income Taxes Payable	1.2	0.76	0.19	0.11	-
Current Unearned Revenue	-	-	-	-	1.78
Other Current Liabilities	10.1	4.18	0.32	0.44	0.37
Total Current Liabilities	57.54	72.52	66.21	85.46	78.81
Long-Term Leases	1.17	1.68	2.18	0.05	0.17
Long-Term Unearned Revenue	1.26	1.53	-	-	2.34
Other Long-Term Liabilities	2.34	4.08	7.3	2.21	-
Total Liabilities	62.31	79.82	75.68	87.72	81.32
Additional Paid-In Capital	27.47	30.29	30.29	23.76	13.71
Retained Earnings	36.44	22.38	38.26	37.51	31.25
Comprehensive Income & Other	-3.71	-2.58	-2.83	1.01	-0.06
Total Common Equity	60.21	50.08	65.71	62.28	44.89
Minority Interest	-6.94	0.57	13.72	12.56	5.77
Shareholders' Equity	53.27	50.65	79.43	74.84	50.66
Total Liabilities & Equity	115.58	130.48	155.12	162.57	131.98
Total Debt	1.78	5.31	13.26	12.25	26.7
Net Cash (Debt)	23.42	20.49	10.84	0.92	-19.55
Net Cash Growth	14.27%	89.10%	1075.25%	-	-
Net Cash Per Share	1.72	1.55	0.91	0.09	-1.95
Filing Date Shares Outstanding	13.59	13.59	12.98	11.33	10.5
Total Common Shares Outstanding	13.59	13.59	12.98	11.33	10.23
Working Capital	35.11	27.27	59.7	53.84	28.84
Book Value Per Share	4.43	3.68	5.06	5.50	4.39
Tangible Book Value	56.85	46.44	61.93	58.25	40.85
Tangible Book Value Per Share	4.18	3.42	4.77	5.14	4.00
Buildings	11.13	11.44	11.78	12.75	12.45
Machinery	22.79	21.56	21.55	22.48	21.43
Construction In Progress	0.01	0.02	0.02	0.41	0.09

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q